Good points @joshsigurdson . There is NOTHING right now that will keep Bitcoin in particular, but the entire crypto market down. Except for a few big traders and some loser weak hands, like we see today because btc hit like you say some imaginary 5000$ mark. What does that even mean? I disown Fiat currency and the dollar. It is not relevant.

BUT..unfortunately, people are no less confused in this crypto space than in any other space. Yes, theres probably more smart people into cryptos than in the general public. But that doesnt mean 80% are not confused. Just look at most "anarchists", even here on Steemit. When I first got here, I thought; "Ah, finally! This is John Galts freedomworld" Nope. 80% of anarchists are communists and statist.

So, it takes a long time for those old dogmas to break. But each time BTC just farts in the face of $3000, $5000 and $10.000, people expect it to do the same with $50.000 and $500.000 and 1$mill. And thats what the free market it about. We decide what has value and why.